BTR Capital Management, Inc.

DISCLOSURE AND USER AGREEMENT

1. INTRODUCTION

The content, advertising and financial market information accessible through this website, including but not limited to all design, text, audio, images and financial analysis and research and other financial market data (the "Information") is provided by BTR Capital Management, Inc., a California corporation, its affiliates, licensors and various third-party companies, and their respective officers, directors, members, managers, partners, employees, affiliates and agents (collectively "BTR"). Your review or use of this information after accessing the website constitutes your acceptance of this Disclosure and User Agreement (the "Agreement").

The information provided by BTR is for information purposes only and should not be used or construed as investment advice or as legal or tax advice to you, or as an offer to sell, solicitation of an offer to buy or any endorsement, recommendation or sponsorship of any company or security by BTR. You acknowledge that any requests for information are unsolicited and shall neither constitute nor be construed as investment advice by BTR to you or constitute the formation of an investment advisory relationship, or any other client relationship. It is strongly recommended that you seek outside advice from a qualified securities professional. BTR does not guaranty the suitability or potential value of any particular investment or information source. BTR may invest or otherwise hold an interest in companies or securities discussed on this website. No information should be interpreted to state or imply that past results are an indication of future performance.

2. MODIFICATION AND MONITORING OF WEBSITE

BTR reserves the right, at our discretion, to change, modify, add or remove portions of these terms at any time without notice to you. We suggest that you check these terms periodically for changes. The terms can be accessed from the link at the [left margin] of our website pages. If you use this website after we post changes to the terms, you accept the changed terms. BTR expressly reserves the right to monitor any and all use of this website.

3. LIMITS ON USE

The Information is the exclusive property of BTR and is protected by applicable copyright and trademark law and other proprietary rights. Unauthorized use of the Information is prohibited. You agree not to copy, reproduce, download, retransmit, disseminate, sell, rent, sublicense, distribute, publish, perform, broadcast, display, circulate or commercially exploit the Information in any manner, or alter, store for subsequent use, decompile, disassemble, reverse engineer, or otherwise use the Information in whole or in part without the express written consent of BTR. Any rights not expressly granted herein are reserved by BTR. You may not link other websites to this website without the express written permission of BTR. You may download one temporary copy of the Information into one single computer's memory solely for your own personal non-commercial use and not for distribution, provided that all relevant copyright, trademark and other proprietary notices shall be kept intact. You may not allow others to use your user name or password to access or use this website. You agree to notify BTR immediately if you become aware of any loss or theft of your password or any unauthorized use of your password.

4. DISCLAIMERS OF WARRANTIES AND LIABILITY

Due to various factors, including the inherent possibility of human and mechanical error, the accuracy, completeness and timeliness of the information and the results obtained from its use, or correct sequencing of the Information is not guaranteed by BTR or any persons creating or transmitting the Information. News stories reflect only the author's opinion and not that of BTR.

YOUR USE OF THE INFORMATION IS AT YOUR SOLE RISK. ALL INFORMATION IS PROVIDED "AS IS" WITHOUT WARRANTIES, EXPRESS OR IMPLIED, OR REPRESENTATIONS OF ANY KIND WHATSOEVER. IN PARTICULAR BUT WITHOUT LIMITATION, THERE SHALL BE NO WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR USE, OR NON-INFRINGEMENT.

TO THE FULLEST EXTENT PERMISSIBLE UNDER APPLICABLE LAW, BTR AND/OR OTHER PERSONS CREATING OR TRANSMITTING THE INFORMATION WILL IN NO EVENT BE LIABLE TO YOU OR ANYONE ELSE FOR ANY DIRECT, INDIRECT, CONSEQUENTIAL, INCIDENTAL, SPECIAL OR PUNITIVE DAMAGES THAT ARISE OUT OF YOUR USE OF OR ACCESS TO THE INFORMATION (INCLUDING BUT NOT LIMITED TO LOST PROFITS, LOSS OF OPPORTUNITY, TRADING LOSSES AND DAMAGES THAT MAY RESULT FROM INACCURACY, INCOMPLETENESS, INCONVENIENCE, DELAY, OR LOSS OF THE USE OF THE INFORMATION), EVEN IF BTR OR OTHER PERSONS CREATING OR TRANSMITTING THE INFORMATION SHALL HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. TO THE FULLEST EXTENT PERMITTED BY LAW, BTR OR OTHER PERSONS CREATING OR TRANSMITTING THE INFORMATION SHALL HAVE NO RESPONSIBILITY OR LIABILITY TO YOU OR ANYONE ELSE UNDER ANY TORT, CONTRACT, NEGLIGENCE, STRICT LIABILITY, PRODUCTS LIABILITY OR OTHER THEORY WITH RESPECT TO ANY SUBJECT MATTER OF THIS AGREEMENT OR TERMS AND CONDITIONS RELATED THERETO.

This site has links to other (third-party) internet sites which have not necessarily been screened or reviewed by BTR and which may contain inaccurate, inappropriate or offensive material, products or services and the existence of external links does not constitute an endorsement by BTR of the linked website. BTR assumes no responsibility or liability with regard to the accuracy, reliability, legality or decency of such third-party sites, content, products or services. BTR and any person creating or transmitting the Information shall not be liable for any infection by viruses of or damage to any computer that results from your use of, access to or downloading of the Information. If you are dissatisfied with the Information, products or services offered at this site or with the terms and conditions of this Agreement, your sole and exclusive remedy is to discontinue use of and access to this site and the Information.

5. SUBMISSIONS TO THIS SITE

Any information, ideas, suggestions, communications or the like sent to BTR through this Website are and will be treated as non-confidential and non-proprietary. You acknowledge and agree that BTR is entitled to use, reproduce, disclose, publish, post, broadcast and/or otherwise distribute or use any information submitted or posted by you for any purpose and in any medium whatsoever, now known or hereafter developed, without restriction, compensation or attribution to the person sending or posting the submission. You represent and warrant the accuracy and originality of any submission communicated by you to BTR and agree to indemnify and hold BTR harmless from any claims or damages arising out of its accuracy, appropriateness and legality.

6. TERMINATION AND CANCELLATION

BTR reserves the right to modify or terminate this site or any of these terms, and to terminate your access to this site, without notice at any time.

7. TRADEMARKS

All trade names, trademarks, service marks and other product and service names and logos displayed herein are the proprietary marks and names of their respective owners, are protected by applicable copyright and trademark laws and may not be used by you without express authorization. This website is not owned, sponsored, approved by or otherwise affiliated with any other entity named herein.

8.     JURISDICTIONAL ISSUES AND APPLICABLE LAW

Unless otherwise specified, BTR controls and operates this site from its offices within the State of California, United States of America.

•  BTR does not claim that materials in this site are appropriate or available for use in locations other than California. If you choose to access this site from other locations, you do so on your own initiative, and you are responsible for compliance with any applicable local laws.

•  Software from this site is further subject to United States export controls. Software from this site may not be downloaded or otherwise exported or reexported outside the United States. By downloading or using the Software, you represent and warrant that you are not located in, under the control of, or a national or resident of any country or territory outside of the United States.

The laws of the State of California govern these terms. If you take legal action relating to these terms, you agree to file such action only in the Superior Court of the State of California in the City and County of San Francisco, or the United States District Court for the Northern District of California, and you consent and submit to the personal jurisdiction of those courts for the purposes of litigating any action relating to these terms or the website.

9. GENERAL

Should any provision of this Agreement or portion thereof be held illegal or unenforceable by an appropriate jurisdiction, such provision shall be limited or severed and the remainder of the Agreement shall continue in full force and effect. Neither the rights nor the obligations arising under this Agreement are assignable or transferable by you and any such attempted assignment or transfer shall be void and without effect.

The failure of either party to enforce its rights under this Agreement at any time for any period shall not be construed as a waiver of such rights.